Infrastructure
Liquidity's new routes
Listed Options
Over the wall
Compliance
Trading opportunities in the Nymex frac spread
This article examines the long-term relationship between natural gas and propane futures. Using a technique known as 'frac' spread trading, Mbodja Mougoué and Steven Slack illustrate the opportunities that can occur from using the price fluctuations in…
Changes at intra-day
Nord Pool and the European Energy Exchange are going head-to-head in an effort to deliver intra-day trading to Germany's power market. Oliver Holtaway investigates
Urge to merge
The landscape for US commodity exchanges is undergoing considerable change, with many heavyweight names announcing mergers or new co-operations. David Watkins looks at what this will mean for energy trading
Food for fuel
In part II of our investigation into the attraction of 'cleantech' investment, Catherine Lacoursière looks at the growth of biofuel plants, and asks: does the world have enough feedstock to power them?
iTraxx launches leveraged loan cds indices
The two new indices, LevX Senior and LevX Subordinated, which began trading at the start of November, are referenced to a basket of 35 European leveraged loans
The tools investors use to price securitisations
Evaluating ABS
A covenant for change
A sharp rise in LBO risk - thanks mainly to private equity funds' groaning warchests - has forced credit investors to look to protect themselves by pressurising issuers to include more robust covenant language in their offerings. So does this mean that…
Winner: Mobilink
In our monthly roundup of innovative deals in the credit market, we dish out the gongs to Mobilink's trailblazing bond, Lloyds TSB's Arkle RMBS and OTC Bank's hybrid
Is da documentation working?
CDS on CDOs
What's hitting the headlines in Germany's credit market?
The German credit market might be more famous for Mittelstand financing and Pfandbriefe, but recent developments in mezz securitisation and the hitherto unheralded hybrid market have captured the attention of investors and issuers alike. Duncan Wood…
Jose Antonio Olavarrieta
The chairman of Spanish securitisation originator Ahorro y Titulizacion gives Credit the lowdown on their recent innovative future flow transaction
Jim Kauffmann
The head of fixed income at ING Investment Management explains to Dalia Fahmy why it sometimes pays to play it safe. He should know: he is in charge of $65bn of investors' cash
Learning from alternatives
Features
Clash of steel
Features
The LDI pioneers
Features
Crossing boundaries
Portfolio Margining
The gamma trap
Interest Rate Exotics
Custom-built performance
Cover Story
Looking back, moving forward
Market view